UK cuts national insurance contributions for workers in spring budget

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UK cuts national insurance contributions for workers in spring budget

STORY: UK cuts national insurance contributions for workers in spring budget SHOOTING TIME: March 6, 2024 DATELINE: March 7, 2024 LENGTH: 00:03:35 LOCATION: London CATEGORY: SOCIETY SHOTLIST: 1. various of UK parliament (UK Parliament TV) 2. SOUNDBITE 1 (English): JEREMY HUNT, UK Chancellor of the Exchequer (UK Parliament TV) 3. SOUNDBITE 2 (English): JEREMY HUNT, UK Chancellor of the Exchequer (UK Parliament TV) 4. various of London streets and people STORYLINE: The United Kingdom's (UK) Chancellor of the Exchequer Jeremy Hunt on Wednesday announced in his spring budget that National Insurance contributions would be cut for 27 million British workers. SOUNDBITE 1 (English): JEREMY HUNT, UK Chancellor of the Exchequer "As from April 6th, employees' National Insurance will be cut by another 2 percent, from 10 percent to 8 percent. And self-employed national insurance will be cut from 8 percent to 6 percent. It means an additional 450 pounds (573 U.S. dollars) a year for the average employee or 350 pounds f

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